Jindal Stainless Limited
2,128words
4turns
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0executives
Key numbers — 40 extracted
rs,
000 MT
13%
87%
8%
14%
6%
11%
89%
5%
2%
16%
Speaking time
1
1
1
1
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Opening remarks
Rathi Super Steel Ltd
After the successful acquisition of Rathi Super Steel Ltd, Jindal Stainless has begun production in the facility ahead of the planned timelines. This was achieved despite the facility being closed for an extended period of time.
Stake acquisition in NPI facility
Jindal Stainless entered into a collaboration agreement with New Yaking Pte Ltd for a 49% stake in their Nickel Pig Iron (NPI) smelter facility in Indonesia. This first-of-its-kind move by an Indian entity will ensure long-term availability of nickel ore for the Company 13 Project Update Stainless steel melt shop capacity expansion of 1 million tonne was completed in March 2023, along with the expansion of supporting downstream facilities in Jajpur, taking the total melt capacity of the Company to 2.9 million tonnes per annum within the committed timelines 138 JUSL Performance Shift (%) YoY: 21% Shift (%) YoY: (10)% 16 Shift (%) YoY: 74% Shift (%) YoY: (4)% All figures in INR. crore unless stated otherwise Market Update Process Industry • Demand for special grades e.g. Duplex, Super Austenitic, Chequered plates used for critical application looks promising Railways – wagons, coaches, metros • Demand for wagons increased significantly. Outlook remains positive • Focus on passenger and
About Us
Jindal Stainless is India's leading stainless steel producer with manufacturing facilities at Jajpur, Odisha and Hisar, Haryana, and an overseas unit in Indonesia. It has six service centres in India and one in Spain, besides a worldwide network of 14 offices and 10 sales offices in India. Founded in 1970, Jindal Stainless has an annual turnover of US $4.20 billion (as of March'22). As a result of capacity expansion at the Jajpur facility from 1.1 MTPA to 2.1 MTPA, the total melting capacity of the merged entity (including 0.8 MTPA at Hisar) is nearly 3 MTPA. The Company’s product range includes stainless steel slabs, blooms, coils, plates, sheets, precision strips, blade steel, and coin blanks. The company's vision remains improving lives through trustworthy and innovative stainless steel solutions. . . 25 Shreya Sharma / Kapil Joshi Jindal Stainless Limited Tel: +91 11 2618 8345
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